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Unique property tax amnesty scheme ‘SAMRIDDHI 2022-23’ launched in Delhi


The SAMRIDDHI program will end on March 31, 2023, without further extension. (Representative)

New Delhi:

Delhi Lieutenant Governor Vinai Kumar Saxena on Tuesday launched a unique property tax amnesty scheme ‘SAMRIDDHI 2022-23’, saying it will bring major relief to thousands of residential and commercial landlords across the city. town.

SAMRIDDHI, an acronym for Strengthening and Increasing Municipal Revenue for Infrastructure Development in Delhi, will commence on October 26 and end on March 31, 2023, with no further extension.

Under this scheme, residential property owners can only pay the principal amount of property tax for the current year and the last five years. For commercial properties, owners can pay the principal amount for the last six years and get a waiver of overdue dues, including penalties and interest, according to an official statement.

The Lieutenant Governor said SAMRIDDHI 2022-23 is a Delhi Municipality friendly initiative that will bring great relief to residents and encourage landlords to get rid of long-standing disputes and related harassment.

He added that the tax exemption means more money in the hands of taxpayers and more revenue for MCD, thus enabling the civic body to undertake much desired civic infrastructure works for better delivery. of services to the people of Delhi.

Mr. Saxena added that this new amnesty regime will also broaden the tax base and enable MCD to build a proper tax database by being more pragmatic about enforcing its long pending tax assessments.

According to the statement, the tax amnesty program envisages a “One Plus Five” option for residential properties and a “One Plus Six” option for non-residential properties.

“Taxpayers of residential properties under “One Plus Five” are required to pay the principal amount of property tax for the current year and the previous five years (i.e. fiscal years 2022-23 of fiscal years 2017-18 to 2021-22), whereupon 100 and the penalty on the amount of unpaid tax will be waived and all prior assessments prior to 2017-2018 will be reversed,” the statement read.

“Similarly, under the “One Plus Six” scheme for non-residential properties, owners must make payment of the principal amount of property tax for the current year and the previous six years (i.e. i.e. fiscal years 2022-23, fiscal years 2016-17 through 2021-22), after which 100% interest and penalties on the amount of unpaid tax will be waived and all prior assessments prior to 2016-17 will be completely reversed “, did he declare.

In the event that a taxpayer does not pay their taxes by March 31, 2023, they will be required to pay all taxes plus interest and penalties since 2004 or since the year in which they are pending and will not have right to no waiver.

Coercive measures to collect tax dues will be launched against such defaulters from April 1 next year, according to the statement.

He said that if a taxpayer has already paid dues for any of the years 2017-2018 or 2016-2017 but this has not been recorded in the MCD tax data, he will have to submit the proof of payment so that the tax database can be updated.

Cases where principal, interest and penalties have already been paid prior to the program’s launch will not be reassessed and reopened, the statement added.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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